| Net Worth | Salary | Birthdate | Birthplace | Gender | Height | Profession | Nationality |
|---|---|---|---|---|---|---|---|
| $1 million (at the time of his death in 1997) | – | June 26, 1909 | Breda, Netherlands | Male | – | Talent manager, musical entrepreneur | Dutch-American |
Table of Contents
- What was Colonel Tom Parker’s Net Worth?
- Highlights
- Early Life
- Career
- Personal Life
- Net Worth Over Time
- Components of Net Worth
What was Colonel Tom Parker’s Net Worth?
Colonel Tom Parker, a Dutch-American talent manager and musical entrepreneur, had a net worth of $1 million at the time of his death in 1997.
Highlights
- Colonel Tom Parker was the manager of Elvis Presley.
- He facilitated Presley’s rise to superstardom in the 50s.
- Parker influenced several key decisions in Presley’s life, such as accepting his military draft and marrying his wife Priscilla.
- A judge ruled Parker’s management of Presley as unethical following an investigation in the early 80s.
Early Life
Colonel Tom Parker, born as Andreas Cornelis van Kuijk on June 26, 1909, in Breda, Netherlands, was the seventh of eleven children. He worked as a carnival barker in his hometown before moving to Rotterdam and working on boats. Parker illegally entered the United States by jumping ship and later returned to the Netherlands before going back to the US. He worked at carnivals and eventually enlisted in the US Army under the name Tom Parker.
Career
After being discharged from the Army, Parker worked in the carnival industry and then entered the music industry as a promoter. He managed various artists, including Eddy Arnold and Tommy Sands, before teaming up with Memphis radio personality Bob Neal to promote Elvis Presley. Parker became Presley’s sole manager and secured him a record deal with RCA Victor. He orchestrated Presley’s rise to superstardom, arranging appearances on popular television shows and signing merchandising deals. Parker also secured Presley a seven-picture contract with Paramount Pictures.
Personal Life
Parker married Marie Francis Mott in 1935, but the relationship suffered as Mott developed dementia in the 60s. Parker distanced himself from her and turned to gambling. Mott passed away in 1986. In 1990, Parker married his longtime secretary Loanne Miller. He passed away from a stroke in 1997 in Las Vegas.
Net Worth Over Time
Despite earning over $100 million during his lifetime, Colonel Tom Parker’s net worth was reportedly less than $1 million at the time of his death. He also had significant gambling debts and lost a large portion of Elvis Presley’s personal wealth.
Components of Net Worth
Colonel Tom Parker’s net worth was primarily derived from his career as a talent manager and musical entrepreneur. His earnings came from managing Elvis Presley and securing record deals, merchandising agreements, and film contracts on his behalf. However, Parker’s unethical management practices and gambling debts contributed to the decline of his net worth over time.
In conclusion, Colonel Tom Parker had a net worth of $1 million at the time of his death. He played a crucial role in shaping Elvis Presley’s career but faced ethical controversies and financial challenges that impacted his own wealth.
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